Under the plan, a typical homeowner would save $13 next year and $20 after that.

Walker's Administration said the state has an $89 million surplus so the Governor wants to lower the amount homeowners pay in property taxes by $100 million.

"It is outstanding to see Republicans and Democrats in the Assembly come together, like their colleagues in the Senate, to pass meaningful property tax relief for Wisconsin families, farmers, seniors, and small businesses. I thank Majority Leader Scott Fitzgerald and Speaker Robin Vos for their swift action to pass our $100 million property tax cut. I will quickly sign this legislation, so it will be reflected on tax bills in December," Gov. Scott Walker said in a statement.